Snow Capital Management LP Has Trimmed Its Position in American Equity Investment Lif (AEL) by $4.64 Million; As Tjx Companies (TJX) Stock Price Declined, Tyvor Capital Raised by $547,500 Its Position

January 13, 2018 - By Clifton Ray

Snow Capital Management Lp decreased its stake in American Equity Investment Lif (AEL) by 6.56% based on its latest 2017Q3 regulatory filing with the SEC. Snow Capital Management Lp sold 159,936 shares as the company’s stock declined 9.73% while stock markets rallied. The institutional investor held 2.28M shares of the life insurance company at the end of 2017Q3, valued at $66.20M, down from 2.44M at the end of the previous reported quarter. Snow Capital Management Lp who had been investing in American Equity Investment Lif for a number of months, seems to be less bullish one the $3.03B market cap company. The stock decreased 1.19% or $0.41 during the last trading session, reaching $33.96. About 525,584 shares traded. American Equity Investment Life Holding Company (NYSE:AEL) has risen 64.86% since January 13, 2017 and is uptrending. It has outperformed by 48.16% the S&P500.

John Tompkins increased its stake in Tjx Companies Inc (TJX) by 100% based on its latest 2017Q3 regulatory filing with the SEC. Tyvor Capital Llc bought 7,500 shares as the company’s stock declined 3.78% while stock markets rallied. The hedge fund run by John Tompkins held 15,000 shares of the consumer services company at the end of 2017Q3, valued at $1.11M, up from 7,500 at the end of the previous reported quarter. Tyvor Capital Llc who had been investing in Tjx Companies Inc for a number of months, seems to be bullish on the $49.50 billion market cap company. The stock increased 1.82% or $1.4 during the last trading session, reaching $78.28. About 3.91 million shares traded. The TJX Companies, Inc. (NYSE:TJX) has declined 2.02% since January 13, 2017 and is downtrending. It has underperformed by 18.72% the S&P500.

Among 28 analysts covering The TJX Companies (NYSE:TJX), 24 have Buy rating, 0 Sell and 4 Hold. Therefore 86% are positive. The TJX Companies had 66 analyst reports since August 10, 2015 according to SRatingsIntel. On Monday, September 18 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, August 18. As per Monday, October 23, the company rating was maintained by SunTrust. The company was maintained on Tuesday, November 14 by RBC Capital Markets. The stock of The TJX Companies, Inc. (NYSE:TJX) has “Hold” rating given on Thursday, September 28 by Jefferies. The stock of The TJX Companies, Inc. (NYSE:TJX) earned “Outperform” rating by Wedbush on Wednesday, November 16. The rating was maintained by Stifel Nicolaus on Wednesday, November 16 with “Buy”. The firm has “Buy” rating given on Thursday, December 17 by BB&T Capital. Wells Fargo downgraded the shares of TJX in report on Wednesday, January 3 to “Market Perform” rating. The stock of The TJX Companies, Inc. (NYSE:TJX) has “Buy” rating given on Tuesday, August 15 by BMO Capital Markets.

Tyvor Capital Llc, which manages about $526.29 million US Long portfolio, decreased its stake in Autozone Inc (NYSE:AZO) by 3,407 shares to 66,536 shares, valued at $39.60M in 2017Q3, according to the filing. It also reduced its holding in Levy Acquisition Corp by 268,307 shares in the quarter, leaving it with 20,608 shares, and cut its stake in Autonation Inc (NYSE:AN).

Investors sentiment decreased to 1 in Q3 2017. Its down 0.02, from 1.02 in 2017Q2. It dived, as 59 investors sold TJX shares while 374 reduced holdings. 104 funds opened positions while 328 raised stakes. 550.02 million shares or 0.12% less from 550.70 million shares in 2017Q2 were reported. Creative Planning reported 49,924 shares or 0.02% of all its holdings. Boys Arnold Com Incorporated reported 50,607 shares. Tompkins Financial Corp owns 31,986 shares. Mariner Wealth Advsrs Lc reported 0.11% of its portfolio in The TJX Companies, Inc. (NYSE:TJX). Central Comml Bank & owns 15,747 shares for 0.29% of their portfolio. Hs Prtn Limited Liability Com, New York-based fund reported 2.70 million shares. Canandaigua Financial Bank And Trust has invested 0.29% in The TJX Companies, Inc. (NYSE:TJX). Guardian Life Insur Of America reported 0.02% of its portfolio in The TJX Companies, Inc. (NYSE:TJX). Wellington Management Gp Llp holds 19.10 million shares or 0.32% of its portfolio. Carnegie Capital Asset holds 35,912 shares. Monetta Serv reported 14,000 shares. Summit Asset Mngmt Limited Com reported 4,413 shares. Park Corp Oh owns 22,827 shares for 0.1% of their portfolio. Colony Gp Limited Co, a Massachusetts-based fund reported 8,844 shares. Brown Advisory Inc invested 1.31% in The TJX Companies, Inc. (NYSE:TJX).

Since September 1, 2017, it had 0 insider buys, and 1 sale for $1.45 million activity.

Among 9 analysts covering American Equity Investment Life (NYSE:AEL), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. American Equity Investment Life had 35 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of American Equity Investment Life Holding Company (NYSE:AEL) has “Buy” rating given on Tuesday, September 5 by RBC Capital Markets. The stock has “Buy” rating by Sandler O’Neill on Friday, November 4. The firm earned “Outperform” rating on Monday, August 10 by FBR Capital. The rating was maintained by FBR Capital on Monday, November 6 with “Hold”. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 29. The rating was maintained by RBC Capital Markets on Monday, October 9 with “Buy”. The firm has “Buy” rating given on Monday, July 31 by RBC Capital Markets. The company was initiated on Friday, October 7 by Credit Suisse. JP Morgan upgraded it to “Overweight” rating and $20 target in Monday, June 6 report.

Snow Capital Management Lp, which manages about $3.43B and $2.07 billion US Long portfolio, upped its stake in Kinder Morgan Inc/De (NYSE:KMI) by 90,434 shares to 2.80M shares, valued at $53.66M in 2017Q3, according to the filing. It also increased its holding in Gulfport Energy Corp (NASDAQ:GPOR) by 402,235 shares in the quarter, for a total of 4.13M shares, and has risen its stake in Voya Financial Inc (NYSE:VOYA).

Investors sentiment decreased to 1.26 in 2017 Q3. Its down 0.01, from 1.27 in 2017Q2. It is negative, as 21 investors sold AEL shares while 65 reduced holdings. 36 funds opened positions while 72 raised stakes. 81.49 million shares or 0.46% more from 81.11 million shares in 2017Q2 were reported. Virginia Retirement Et Al holds 82,800 shares. Employees Retirement Sys Of Texas reported 0.01% stake. C M Bidwell And Assoc Limited has 0.43% invested in American Equity Investment Life Holding Company (NYSE:AEL). Oppenheimer Asset Management Inc accumulated 57,464 shares or 0.04% of the stock. Diamond Hill Cap holds 0.02% or 152,958 shares in its portfolio. Moreover, Guggenheim Cap Ltd Llc has 0.01% invested in American Equity Investment Life Holding Company (NYSE:AEL). Envestnet Asset Mgmt accumulated 12,845 shares or 0% of the stock. Strs Ohio has 0.01% invested in American Equity Investment Life Holding Company (NYSE:AEL). Verition Fund Lc has 0.04% invested in American Equity Investment Life Holding Company (NYSE:AEL). Schwab Charles Investment Management Incorporated owns 777,759 shares. Great West Life Assurance Can reported 118,610 shares stake. Jpmorgan Chase & owns 1.22 million shares for 0.01% of their portfolio. Ig Inv Ltd holds 0% or 22,203 shares in its portfolio. Systematic LP owns 11,330 shares. Arizona State Retirement System accumulated 46,116 shares.

Analysts await American Equity Investment Life Holding Company (NYSE:AEL) to report earnings on February, 14. They expect $0.67 earnings per share, up 6.35% or $0.04 from last year’s $0.63 per share. AEL’s profit will be $59.72M for 12.67 P/E if the $0.67 EPS becomes a reality. After $0.96 actual earnings per share reported by American Equity Investment Life Holding Company for the previous quarter, Wall Street now forecasts -30.21% negative EPS growth.

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